Odisha Gramya Bank Gold Loan Approval Process

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Odisha Gramya Bank Gold Loan Features

If you need money for business, investment or any other purpose visit dialabank. Apply for a gold loan from Odisha Gramya Bank and get instant loan approval. A gold loan is provided by keeping your gold jewellery or ornament as security with Odisha Gramya Bank. The interest rate is lower, and the Odisha Gramya Bank Gold Loan process involves less documentation. Loan Tenure is flexible between 6 to 36 months.

Easy Process and instant approval: The Gold Loan process in Odisha Gramya Bank is comparatively easy and manageable.
Lower Interest Rate: Odisha Gramya Bank Gold Loan interest rate is lower.
Less Documentation: Odisha Gramya Bank Gold Loan involves less documentation and paperwork.
Low Processing Fee: Odisha Gramya Bank Gold Loan charges a low processing fee of 0.85%.
Flexible Tenure: Odisha Gramya Bank Gold Loan Tenure is flexible between 6 to 36 months.
Multiple Repayments Options: Odisha Gramya Bank Gold Loan offers multiple repayments options like bullet repayment, Term Loan, Regular EMI’s, and Overdraft.
Flexible instalment schedule: Odisha Gramya Bank Gold Loan instalments can be done daily, weekly, or monthly.
Maximum Gold Value: Odisha Gramya Bank provides maximum value to your gold.
Safe: Your Gold deposited as collateral will be stored in a unique triple-layered secure locker.

Odisha Gramya Bank Gold Loan Eligibility

Minimum and Maximum Age	21 Yrs – 60 Yrs Note: However, many banks require a minimum age of 23 years
Loan Amount	Up to ₹ 2 Cr. Some banks restrict maximum eligibility to ₹ 20 Lakh Interest rates are lower for a higher loan amount
Employment Type	Salaried and self-employed both are eligible Businessmen are increasingly taking gold loans to meet their working capital requirements. In fact, housewives, senior citizens who are not eligible for other loans because they have no income proofs can easily avail of gold loans.
Quality of Gold	Gold ornaments should range in between 18 to 24 Carats An average gold price of 22-carat gold for the preceding 30 days is adjusted down for purity. So, the price of 20 Carat jewellery can be estimated by multiplying the price of 22 Carat jewellery by a factor of 20/22
CIBIL Score	Banks do not check CIBIL score for granting a gold loan However, your repayment track record for a gold loan is counted towards your CIBIL score and hence, can be instrumental in building your CIBIL score
Gold ornaments that can be used for availing loan	Gold bars and coins Gold with 18-24 carat purity
Employment track record and income proofs	Banks do not check your job stability or business stability to sanction you a gold loan. Gold loans are granted without income proofs. You only need to submit your basic KYC documents such as address proof, identity proof, and an Aadhaar card to avail of this loan.